Three Kerala-based startups bag a funding of Rs 25 lakh each in IIGP

ET Bureau|

Updated: Aug 17, 2018, 02.52 PM IST

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The 16 winners were selected from top 50 innovators, chosen from the 3,000 applicants.

Three startups mentored by the Kerala Startup Mission (KSUM), the nodal agency of Kerala government for entrepreneurship development and incubation activities in the state, bagged a seed funding of up to Rs 25 lakh each in the India innovation growth programme (IIGP) 2.0 held in New Delhi recently, which will enable them to scale up their operations and accelerate market penetration.

The Kerala-based startups- Genrobotic Innovations, Irov Technologies and Sastra Robotics
- were among the 16 winners, who will also get an opportunity to undergo an incubation process along with mentoring support.

IIGP 2018 edition was a combined initiative of Department of Science and Technology (DST), Lockheed Martin, and Tata Trusts. Out of the nine startups from Kerala that participated in the event held last week, seven were supported by the KSUM.

The 16 winners were selected from top 50 innovators, chosen from the 3,000 applicants. The selected innovators were given an opportunity to attend a boot camp conducted by IIM-Ahmedabad, after which 16 were picked.